Syntec Optics Holdings, Inc. (NASDAQ:OPTX) Short Interest Update

Syntec Optics Holdings, Inc. (NASDAQ:OPTX) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 18,700 shares, a drop of 28.1% from the February 13th total of 26,000 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average trading volume of 2,870,000 shares, the short-interest ratio is currently 0.0 days.

Institutional Trading of Syntec Optics

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Two Sigma Investments LP bought a new position in Syntec Optics during the fourth quarter valued at $31,000. Jane Street Group LLC purchased a new position in shares of Syntec Optics during the 4th quarter worth about $86,000. Tower Research Capital LLC TRC grew its holdings in Syntec Optics by 205.8% during the 4th quarter. Tower Research Capital LLC TRC now owns 11,555 shares of the company’s stock valued at $29,000 after purchasing an additional 7,777 shares during the last quarter. Geode Capital Management LLC raised its position in Syntec Optics by 23.9% in the 4th quarter. Geode Capital Management LLC now owns 83,009 shares of the company’s stock worth $209,000 after purchasing an additional 16,033 shares during the period. Finally, Blue Owl Capital Holdings LP bought a new stake in Syntec Optics in the fourth quarter worth about $125,000.

Syntec Optics Trading Up 9.1 %

OPTX stock traded up $0.12 during midday trading on Tuesday, reaching $1.39. 109,652 shares of the company traded hands, compared to its average volume of 928,980. Syntec Optics has a 52-week low of $0.85 and a 52-week high of $8.39. The business has a 50 day moving average of $1.78 and a 200-day moving average of $1.61. The company has a current ratio of 1.34, a quick ratio of 0.63 and a debt-to-equity ratio of 0.38.

About Syntec Optics

Syntec Optics Holdings, Inc manufactures and supplies integrated optics for biomedical, defense and military, consumer, and other applications. It offers camera modules; tool design, design for manufacturing, optical and opto-mechanical design, and moldflow analysis; SPDT optics, such as freedom optics, microlens arrays, spheres and aspheres, diffractives, SPDT materials, and optical tooling; replicative molding, that includes polymer and glass molding, and molded production materials; thin film coating and coating curve materials; and precision machining and precision machining materials.